Question
An unaudited balance sheet is below: HUEY, DEWEY & LOUIE, INC. Balance Sheet For the Year Ending December 31, 2022 HUEY, DEWEY & LOUIE, INC.
An unaudited balance sheet is below: HUEY, DEWEY & LOUIE, INC. Balance Sheet For the Year Ending December 31, 2022
HUEY, DEWEY & LOUIE, INC.
Balance Sheet
For the Year Ending December 31, 2022
Accounts receivable$8,000Cash1,000Inventory8,000Furniture and fixtures52,000Delivery truck12,000Buildings (estimated market value)98,000Total assets$179,000Accounts payable$ 16,000Payroll taxes payable13,000Notes payable (due in three years)15,000Mortgage payable50,000Total liabilities$ 94,000Contributed capital$ 80,000Retained earnings 5,000Total stockholders' equity$ 85,000
1. Put this balance sheet in a proper format
2. What is missing/omitted from this unaudited balance sheet?
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Financial And Managerial Accounting Working Papers Volume I
Authors: Belverd E. Needles
7th Edition
061839365X, 978-0618393657
